<div id="readability-page-1"><p>Westlake Chemical Partners LP (NYSE:WLKP - Get Free Report) CEO Jean-Marc Gilson acquired 1,250 shares of Westlake Chemical Partners stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average price of $21.86 per share, with a total value of $27,325.00. Following the acquisition, the chief executive officer owned 10,458 shares of the company's stock, valued at approximately $228,611.88. This trade represents a 13.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.</p><p>Jean-Marc Gilson also recently made the following trade(s): </p><ul><li>On Friday, August 15th, Jean-Marc Gilson acquired 4,700 shares of Westlake Chemical Partners stock. The shares were purchased at an average price of $21.84 per share, with a total value of $102,648.00. </li></ul><h2>Westlake Chemical Partners Trading Down 0.3%</h2><p>Shares of NYSE:WLKP opened at $22.26 on Thursday. Westlake Chemical Partners LP has a 12-month low of $21.19 and a 12-month high of $25.04. The stock has a market cap of $784.51 million, a PE ratio of 14.94 and a beta of 0.78. The business has a 50 day moving average of $22.11 and a 200-day moving average of $22.74. The company has a quick ratio of 2.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. </p><p>Westlake Chemical Partners (NYSE:WLKP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). The firm had revenue of $297.12 million for the quarter, compared to the consensus estimate of $301.00 million. Westlake Chemical Partners had a return on equity of 6.38% and a net margin of 4.78%. As a group, equities research analysts forecast that  Westlake Chemical Partners LP will post 1.55 earnings per share for the current year. </p><h2>Westlake Chemical Partners Announces Dividend</h2><p>The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were paid a $0.4714 dividend. This represents a $1.89 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Tuesday, August 12th. Westlake Chemical Partners's payout ratio is 126.85%. </p><h2>Analyst Upgrades and Downgrades</h2><p>Separately, Wall Street Zen raised shares of Westlake Chemical Partners from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Monday.</p><p><b>Read Our Latest Stock Report on Westlake Chemical Partners</b></p><h2>Institutional Trading of Westlake Chemical Partners</h2><p>Several institutional investors have recently added to or reduced their stakes in WLKP. Fractal Investments LLC bought a new stake in  Westlake Chemical Partners in the first quarter valued at approximately $1,856,000.  MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in  Westlake Chemical Partners by 6.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 583,932 shares of the basic materials company's stock worth $12,899,000 after purchasing an additional 32,863 shares in the last quarter.  Energy Income Partners LLC increased its holdings in  Westlake Chemical Partners by 1.4% in the second quarter. Energy Income Partners LLC now owns 1,774,544 shares of the basic materials company's stock worth $39,200,000 after purchasing an additional 24,459 shares in the last quarter.  Raymond James Financial Inc. bought a new stake in  Westlake Chemical Partners in the fourth quarter worth approximately $456,000.  Finally, Jane Street Group LLC bought a new stake in  Westlake Chemical Partners in the second quarter worth approximately $387,000. 78.28% of the stock is currently owned by institutional investors. </p><h2>About Westlake Chemical Partners</h2> (Get Free Report)<p>Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Westlake Chemical Partners</li><li>Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?</li><li>The Uber Eats Partnership Fueling Serve Robotics' Growth</li><li>3 Grocery Stocks That Can Help Take a Bite Out of Inflation </li><li>Amazon’s Chart Just Flashed a Pennant Pattern—Here’s What to Do</li><li>The How And Why of Investing in Oil Stocks</li><li>3 Undervalued Stocks Analysts Are Loving Right Now—Should You?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdMS1A?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdMS1A"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Westlake Chemical Partners Right Now?</h2><p>Before you consider Westlake Chemical Partners, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Westlake Chemical Partners wasn't on the list.</p><p>While Westlake Chemical Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

WLKP

<p>Westlake Chemical Partners CEO Jean-Marc Gilson purchased 1,250 shares at $21.86 each, totaling $27,325, increasing his ownership by 13.58%. He now holds 10,458 shares valued at approximately $228,611.88. The company recently reported quarterly earnings of $0.41 per share, missing estimates, and declared a quarterly dividend of $0.4714. Institutional investors own 78.28% of the stock, which has a market cap of $784.51 million and a PE ratio of 14.94. The stock opened at $22.26, with a 12-month range of $21.19 to $25.04.</p>

Insider Buying: Westlake Chemical Partners (NYSE:WLKP) CEO Purchases 1,250 Shares of Stock